Quanex Building Crosses Above its 10-day MA (NX)

Written on Fri, 03/15/2019 - 10:36am

By James Quinn

Quanex Building (NYSE:NX) shares have crossed bullishly above their 10-day moving average of $15.76 on a volume of 137K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Quanex Building share prices have been bracketed by a low of $10.70 and a high of $20.30 and are now at $16.00, 50% above that low price. The 200-day and 50-day moving averages have moved 0.24% lower and 1.02% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Quanex Building. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Quanex Building in search of a potential trend change.